First before jumping in to the designing research and designing stage of the project it is important to fully understand paper money, so that relevant research and then accurate design decision could be made. Paper money itself is an interesting concept, and from this concept itself a possible idea could be generated through the research of how paper money actually acts as money.
"A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by commercial banks, who were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks"
The concept of bank notes come from their early days of circulation, in which the note acts a promise that the issuer would pay the bearer X amount of money, and this comes from the early use of the banknotes in which when the issuer would give the promissory note to the bearer, at a later point said bearer would be able to take the promissory not to the bank, and transfer it for its value in silver or gold coin.
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